Craig Hallum lowered shares of PDF Solutions, Inc. (NASDAQ:PDFS) from a buy rating to a hold rating in a research report report published on Friday morning. They currently have $18.00 price target on the technology company’s stock, down from their previous price target of $22.00.

A number of other equities research analysts have also commented on PDFS. Northland Securities lowered PDF Solutions from an outperform rating to a market perform rating in a research report on Friday, April 28th. ValuEngine lowered PDF Solutions from a hold rating to a sell rating in a research report on Wednesday, May 31st. Finally, BidaskClub raised PDF Solutions from a sell rating to a hold rating in a research report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $23.33.

PDF Solutions (NASDAQ PDFS) opened at 16.05 on Friday. The stock has a market cap of $516.67 million, a PE ratio of 94.97 and a beta of 1.49. PDF Solutions has a 1-year low of $14.03 and a 1-year high of $24.44. The firm’s 50-day moving average price is $17.55 and its 200 day moving average price is $19.95.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. The company had revenue of $24.30 million for the quarter, compared to analyst estimates of $26.58 million. PDF Solutions had a return on equity of 2.80% and a net margin of 5.29%. PDF Solutions’s revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Equities research analysts expect that PDF Solutions will post $0.59 EPS for the current year.

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In related news, Director Lucio Lanza sold 30,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $16.50, for a total transaction of $495,000.00. Following the completion of the transaction, the director now directly owns 350,623 shares in the company, valued at $5,785,279.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 90,000 shares of company stock valued at $1,534,800. 16.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in PDF Solutions by 0.9% in the fourth quarter. State Street Corp now owns 468,229 shares of the technology company’s stock worth $10,561,000 after buying an additional 4,023 shares during the last quarter. Dimensional Fund Advisors LP increased its position in PDF Solutions by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,186,347 shares of the technology company’s stock worth $26,752,000 after buying an additional 64,202 shares during the last quarter. RMB Capital Management LLC purchased a new position in PDF Solutions during the fourth quarter worth about $1,199,000. Teachers Advisors LLC increased its position in PDF Solutions by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 43,488 shares of the technology company’s stock worth $981,000 after buying an additional 1,088 shares during the last quarter. Finally, Capital Impact Advisors LLC increased its position in PDF Solutions by 26.6% in the first quarter. Capital Impact Advisors LLC now owns 73,512 shares of the technology company’s stock worth $1,663,000 after buying an additional 15,443 shares during the last quarter. Institutional investors and hedge funds own 77.75% of the company’s stock.

About PDF Solutions

PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.

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